Blog & Events: Taxes

There’s a temporary flat-rate method for up to $400, and a simplified “detailed” method with a new Form T2200. The Canada Revenue Agency (CRA) released details on its new home office expense rules Tuesday, introducing a temporary flat-rate method for employees with modest expenses to claim up to $40...

On July 18th, federal Finance Minister Bill Morneau announced proposed changes to the income tax regime that, if implemented, are likely to increase the tax bill of every Canadian private corporation shareholder. Three main changes are contemplated: 1. Income sprinkling Currently, owners of private ...